Yemen: 6 years economic devastation
Its time to cover another brutal US-backed war. And that is the war on Yemen: its is now 6 years old.
From the years 2000 to 2011 it had a GDP growth of between 6 to 8% not too bad. Then the dip when the protests broke out, then it picked back up but then the war hit, and bang, the economy tanked to -28% as you can see.
This is a brutal war, where bombs are doing the killing both on civilians and the economy. Ofcourse, many sectors have been affected, but for a country that was poor before the war began, the effects are devastating.
Here is a look t the poverty in Yemen: the country is so poor that 45% live on less than $2 a day, with 33% on less than $1/day. It is no surprise that with this kind of devastation that the country is facing, there are many aspects of the economy that have grinded to a halt. One common denominator that reflects the dire straits of the economy is the collapse of the Yemeni rial, the focus of our next report.
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